VeriFone and MICROS First to Bring NFC Services to the Table

May 19, 2011 08:00 AM Eastern Daylight Time 

Consumer Adoption of Mobile Phone-Initiated Payments in Restaurants Requires a Pay at the Table Acceptance Solution

NRA Show 2011

CHICAGO--(BUSINESS WIRE)--VeriFone Systems, Inc. (NYSE: PAY), and MICROS Systems, Inc. (NASDAQ: MCRS), today announced a solution that integrates restaurant management systems with smart mobile devices, allowing consumers to pay at the table with electronic wallets on mobile phones utilizing Near Field Communications (NFC). The solution, which accommodates traditional payment cards and other mobile applications such as line-busting, is being demonstrated here this week at the NRA 2011 show (MICROS booth #4200).

Central to the integrated solution is the VeriFone PAYware Mobile Enterprise mobile POS system, which adapts smartphones and wireless PDAs to securely accept payment transactions and utilizes VeriFone services to interface with MICROS table management and order management solutions as well as the card payment networks.As the premier providers in, respectively, the secure payments and hospitality solutions markets, VeriFone and MICROS are partnering to deliver the first practical NFC service that will allow restaurants to accommodate an emerging wave of NFC-enabled applications, including payments and redemption of electronic coupons and promotions.

“This integration with VeriFone will enable MICROS to provide multiple mobile products on one single platform, rather than requiring separate devices for separate functions,” said MICROS Chief Technology Officer Michael L. Russo. “In addition, MICROS and VeriFone are creating a must-have bridge to bring fast-emerging NFC payments to the table.”

NFC is a standards-based two-way communications technology that makes it easier for electronic devices, such as smartphones, to exchange digital content, and connect electronic devices with a touch. It is interoperable with existing contactless card technologies.

In the payments world, NFC enables an electronic transaction infrastructure for contactless payment, loyalty and value-added applications to be utilized by consumers via a mobile wallet that contains electronic versions of credit and debit cards, loyalty accounts, and gift cards.

“Widespread adoption of NFC requires a restaurant solution, but consumers are not willing to hand over their mobile phones to the wait staff,” said Paul Rasori, VeriFone senior vice president of marketing. “MICROS and VeriFone are combining forces to deliver a low-cost, services-based solution that allows restaurants to provide NFC payment convenience to consumers without having to make a large, up-front investment.”

PAYware Mobile Enterprise incorporates a PCI-approved PIN debit keypad, which allows merchants to leverage dramatically lower transaction costs, as well as a 2D bar code scanner for tasks such as inventory control. With PAYware Mobile Enterprise, items can be scanned, payment cards accepted and receipts emailed to customers or transmitted to a nearby wireless printer with ease.

The integrated solution is expected to be available from select resellers in the second half of the year.

Additional Resources:

www.verifone.com/hospitality

About MICROS Systems, Inc.

MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents. In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 26,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 100,000 retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.

About VeriFone Systems, Inc. (www.verifone.com)

VeriFone Systems, Inc. (“VeriFone”) (NYSE: PAY) is the global leader in secure electronic payment solutions. VeriFone provides expertise, solutions and services that add value to the point of sale with merchant-operated, consumer-facing and self-service payment systems for the financial, retail, hospitality, petroleum, government and healthcare vertical markets. VeriFone solutions are designed to meet the needs of merchants, processors and acquirers in developed and emerging economies worldwide.

Contacts

VeriFone
Pete Bartolik, 508-283-4112
pete_bartolik@verifone.com
or
MICROS
Louise Casamento, 443-285-8144
LCasamento@MICROS.com